The complex economic situation somehow parked in the accounts of banks and insurers. The economy played somewhat against, which is tense by the fall in oil prices, and put downward pressure on public spending and caused less liquidity in the market.
In 2015 banking saw deposits go back (-12.9%) and therefore its loans (-4.5%), while insurances sold less premiums (-1.9%). That is, an unfavorable scenario to tackle new rules that invoke a greater effort in their financial years.
That´s why they requested to extend deadlines so banks can raise their capital. While most achieved the goal, the Organic Monetary Code requires them a minimum of $ 11 million. For insurers, the lower limit is $ 8 million.